What is Wedbush’s Forecast for Hanmi Financial Q4 Earnings?

Hanmi Financial Co. (NASDAQ:HAFC) – Investment analysts at Wedbush upped their Q4 2024 earnings estimates for Hanmi Financial in a research report issued to clients and investors on Wednesday, October 23rd. Wedbush analyst D. Chiaverini now forecasts that the bank will earn $0.53 per share for the quarter, up from their previous forecast of $0.52. Wedbush has a “Neutral” rating and a $21.00 price target on the stock. The consensus estimate for Hanmi Financial’s current full-year earnings is $1.97 per share. Wedbush also issued estimates for Hanmi Financial’s Q1 2025 earnings at $0.50 EPS, Q2 2025 earnings at $0.52 EPS, Q3 2025 earnings at $0.52 EPS and Q4 2025 earnings at $0.52 EPS.

Hanmi Financial (NASDAQ:HAFC) last released its quarterly earnings data on Tuesday, October 22nd. The bank reported $0.49 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.49. Hanmi Financial had a net margin of 14.80% and a return on equity of 8.97%. The company had revenue of $108.86 million for the quarter, compared to analysts’ expectations of $59.23 million. During the same quarter in the prior year, the firm earned $0.62 EPS.

A number of other equities analysts have also weighed in on the company. DA Davidson upped their target price on Hanmi Financial from $20.00 to $22.00 and gave the stock a “neutral” rating in a research report on Wednesday. Piper Sandler raised shares of Hanmi Financial from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $20.00 to $25.50 in a research note on Thursday. Finally, Keefe, Bruyette & Woods raised shares of Hanmi Financial from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $20.00 to $22.00 in a research report on Wednesday, October 2nd.

Hanmi Financial Stock Down 4.8 %

Shares of NASDAQ:HAFC opened at $21.94 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.00 and a current ratio of 1.00. Hanmi Financial has a 52-week low of $14.00 and a 52-week high of $23.14. The business’s 50 day simple moving average is $19.41 and its two-hundred day simple moving average is $17.62. The firm has a market cap of $664.12 million, a P/E ratio of 10.55 and a beta of 0.87.

Institutional Trading of Hanmi Financial

Several institutional investors and hedge funds have recently made changes to their positions in HAFC. Point72 Asia Singapore Pte. Ltd. grew its holdings in shares of Hanmi Financial by 47.0% in the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,773 shares of the bank’s stock valued at $63,000 after acquiring an additional 1,207 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Hanmi Financial by 90.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,151 shares of the bank’s stock valued at $100,000 after purchasing an additional 2,441 shares during the last quarter. EntryPoint Capital LLC increased its position in shares of Hanmi Financial by 278.4% during the 1st quarter. EntryPoint Capital LLC now owns 8,484 shares of the bank’s stock valued at $135,000 after purchasing an additional 6,242 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of Hanmi Financial during the 2nd quarter worth $168,000. Finally, Entropy Technologies LP purchased a new position in shares of Hanmi Financial in the 1st quarter worth about $171,000. Hedge funds and other institutional investors own 88.66% of the company’s stock.

Hanmi Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Monday, November 4th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.56%. The ex-dividend date is Monday, November 4th. Hanmi Financial’s payout ratio is currently 48.08%.

Hanmi Financial Company Profile

Hanmi Financial Corporation operates as the holding company for Hanmi Bank that provides business banking products and services in the United States. It offers various deposit products, including noninterest-bearing checking accounts, savings accounts, negotiable order of withdrawal accounts, money market accounts, and certificates of deposit.